ICSID Publishes $5M Award Against Turkey For Canceling Uranium Mining Licenses

(February 21, 2024, 3:04 PM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) published a mixed award issued in a since-settled dispute brought by an American mining company against the Republic of Türkiye, in which the tribunal found that Turkey breached a bilateral investment treaty (BIT) by canceling the company’s licenses but rejected the company’s claims for $30.5 million in damages because its mining project would never have become profitable....